Local stocks post year’s first rise
THE Philippines’ main index showed its first climb after three days on Friday as investors took cues on the mild improvement in the Philippines’ factory output for December.
Factory activity improves slightly in Dec.
FACTORY ACTIVITY in the country improved modestly in December, driven by growing demand and higher exports, but production slowed to a two-year low, dragged by supply shortages and traffic issues, IHS Markit’s latest survey showed.
12 multibillion-peso projects up for NEDA board review this month
GOVERNMENT economic managers are expected to go over 12 projects worth P652 billion this month as part of a plan to build growth centers in the countryside and expand development opportunities nationwide.
Stocks, peso drop on 1st trading day of 2020
THE Philippine Stock Exchange index (PSEi) started the year on a dour note as the benchmark index slipped, while the peso weakened against the US dollar on the first trading day of 2020.
POGOs to remain demand driver of Metro Manila offices
METRO MANILA’S office space is expected to grow by 5% this year, with Makati City accounting for most of the supply, a property consultant said, while pointing to demand as continuing to be driven by offshore gaming operators.
Now it wants an Oscar
NETFLIX INC. has been making its own movies for years, but 2019 may be remembered as the year it truly became a film studio.
Labor dep’t freezes processing of papers for new OFWs to Kuwait
LABOR Secretary Silvestre H. Bello III has frozen the processing of papers for new Overseas Filipino Workers (OFWs) to Kuwait, after reports of a Filipino domestic worker murdered by her Kuwaiti employers.
ABS-CBN nears 10-year low as Duterte attacks continue
ABS-CBN Corp.’s shares are headed to a 10-year low after Philippine President Rodrigo R. Duterte continued his attacks on the television network he has accused of bias, urging its owners to sell before its franchise expires in March.
6 Underground is Netflix PH most popular show in 2019
IN THE THREE YEARS SINCE streaming giant Netflix entered the Philippines — alongside 90 other territories — in 2016, Filipinos have largely embraced streaming as a new way to consume content.
Tesla must face lawsuit claiming racism at California factory
A FEDERAL JUDGE rejected Tesla Inc’s effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racial hostility, clearing the way for a possible trial.
Lawmaker seeks fast action on ABS-CBN franchise
A LEGISLATOR plans to file a resolution directing the House Committee on Legislative Franchises to “report without delay” for plenary action a consolidation of nine bills seeking the renewal of ABS-CBN Corp.’s franchise.
Original content was Netflix’s top international draw in 2019
NETFLIX INC., touting the success of its original programming, said the most popular releases on its streaming service this year were things it produced: the comedy movie Murder Mystery and the third season of its 1980s sci-fi show Stranger Things.